Crossover Date definition

Crossover Date. The earlier to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates is reduced to zero; and (ii) the later to occur of (x) the Distribution Date occurring in 20[ ] and (y) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account distributions of principal on the Mortgage Loans but prior to the principal distributions to the certificates) is greater than or equal to [ ]%.

Crossover Date means the first date on which Program Losses equal or exceed 25/35ths of the First Loss Limit (as such amount may be adjusted in writing by the GSEs and Treasury with notice to the Administrator).

Crossover Date shall have the meaning set forth in Section 4.01 hereof.

Examples of Crossover Date in a sentence

• If the Senior Certificates of a Certificate Group constitute an Undercollateralized Group on any Distribution Date following the Cross-over Date, Undercollateralization Distributions will be made from the excess of the Available Funds for the Mortgage Pools not related to an Undercollateralized Group remaining after all required amounts for that Distribution Date have been distributed to the Senior Certificates of such other Certificate Group.

• If the Senior Certificates of a Certificate Group constitute an Undercollateralized Group on any Distribution Date following the Cross-over Date, Undercollateralization Distributions will be made from the excess of the Available Funds for the Mortgage Pool not related to an Undercollateralized Group remaining after all required amounts for that Distribution Date have been distributed to the Senior Certificates of such other Certificate Group.

• If the Senior Certificates of a Certificate Group (other than the Principal Only Certificates) constitute an Undercollateralized Group on any Distribution Date following the Cross-over Date, Undercollateralization Distributions will be made from the excess of the Available Funds for the other Mortgage Pool remaining after all required amounts for that Distribution Date have been distributed to the Senior Certificates of the other Certificate Group (other than the Principal Only Certificates).

• Until the Crossover Date, the City covenants and agrees that it will not create, assume or suffer to exist any mortgage, deed of trust, pledge, security interest, encumbrance, lien or charge of any kind (including the charge upon property purchased under conditional sales or other title retention agreements) upon the Electric System which impairs the ability of the City to comply with its covenant set forth in Section 6.03 hereof.

• Until the Crossover Date, the City shall deposit the Gross Revenues of the Electric System as received in the Revenue Account.

More Definitions of Crossover Date

Crossover Date. The later to occur of (i) the Distribution Date -------------- occurring in October 2003 and (ii) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only prior to taking into account the distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date) is equal to or greater than ___%.

Crossover Date means March 1, 2019.

Crossover Date. The earlier of (A) the Payment Date after which the aggregate Class Note Balance of the Class A Notes has been reduced to zero and (B) the later to occur of:

Crossover Date means the Distribution Date on which the Certificate Balance of each Class of Certificates other than the Class A-1, Class A-2 and Class A-3 Certificates has been reduced to zero.

Crossover Date means March 1, 2017.

Crossover Date means [June 1, 2022].

Crossover Date means in the case of bonds which are not secured by the Trust Estate until a specified date but which bonds will be secured by the Trust Estate after such date, the date upon which such Bonds shall be secured by the Trust Estate.